Mazagon Dock Shipbuilders Sees Surge in Open Interest Amid Price Decline

Jun 02 2025 01:00 PM IST
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Mazagon Dock Shipbuilders Ltd has seen a notable rise in open interest, reaching 15,078 contracts, alongside a trading volume of 16,601 contracts. Despite this activity, the stock has underperformed its sector and experienced a decline over the past two days, with significant liquidity noted in trading.
Mazagon Dock Shipbuilders Ltd (symbol: MAZDOCK) has experienced a significant increase in open interest today, reflecting notable activity in the stock. The latest open interest stands at 15,078 contracts, up from the previous 11,628, marking a change of 3,450 contracts or a 29.67% increase. The trading volume for the day reached 16,601 contracts, contributing to a total futures value of approximately Rs 18,617 lakhs.

Despite this surge in open interest, the stock has underperformed its sector by 1.74%, with a 1D return of -2.11%. Over the past two days, MAZDOCK has seen a consecutive decline, resulting in a total drop of 9.17%. The stock touched an intraday low of Rs 3,381, reflecting a decrease of 2.79% during the trading session.

In terms of liquidity, the stock remains accessible for trading, with a delivery volume of 31.35 lakh shares on May 30, which is a substantial increase of 213.36% compared to the five-day average. The stock's market capitalization is approximately Rs 1,37,338.79 crore, placing it firmly in the large-cap category within the Aerospace & Defense industry. Overall, the increase in open interest highlights a shift in market dynamics for Mazagon Dock Shipbuilders, amidst a backdrop of recent price declines.
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